CAPITAL PROJECTS
Convocation Center and Arena – A part of the current campus wide campaign, the Convocation Center and Arena will provide the homecourt advantage to the Island University.
Baseball/Softball – Some of our oldest athletic facilities on the Island are in need of major upgrades. To enhance the student-athlete and fan experience Islanders Athletics is looking to replace scoreboards, enhance seating, and provide shade to fans.
ENDOWMENTS
An endowment generates income to the University in perpetuity. By investing the gift principal and using only the interest earned to help meet the cost of a grant-in-aid, Islanders Athletics is assured of on-going funds to maintain the quality of its program. The following is a summary of the return that is available for distribution from an endowment investment.
| Endowment Principal |
Annual Return 4.25%* |
| $25,000 |
$1,062.50 |
| $50,000 |
$2,125.00 |
| $100,000 |
$4,250.00 |
| $250,000 |
$10,625.00 |
| $500,000 |
$21,250.00 |
| $1,000,000 |
$42,500.00 |
*Our endowment spending policy requires we spend 4.25% of the return on the principal; the remainder is reinvested into the principal.
Student-Athlete Scholarships - Our annual scholarship bill exceeds $2.7 million. A full in-state scholarship is $22,306 and a full out-of-state scholarship is $35,442. State funds may not be used for student-athlete scholarships, making private contributions and designated scholarship endowments a vital funding source.
Coaching Positions - Endowing a coaching position allows us to provide support and incentives that attract and retain the best coaches in the Southland Conference.
LEGACY GIFTS
A planned gift is one made to Islanders Athletics with the income or other benefits from the donated money or property retained by the donor, or other beneficiary, for as long as he or she lives. Planned gifts can be a significant part of an overall estate plan. Such gifts provide an excellent method of obtaining diversification, reducing income tax, reducing estate and gift taxes, and cutting the cost of probate of one's estate. Such gifts of property, which increase in value, may also avoid capital gains taxes for a donor. Islanders Athletics will be happy to assist you in designing a planned gift to achieve your personal, financial and charitable objectives.
GIFT IN KIND
Also referred to as in-kind donations, instead of giving money to buy needed goods and services, goods and services themselves can be given to help off-set the costs of projects.
For more information about any of these giving options please call 361.825.3237.
